Great-west Core Correlations

MXEBX Fund

USD 17.41 0.20 1.16%

The current 90-days correlation between Great-west Core and Red Oak Technology is 0.86 (i.e., Very poor diversification). The correlation of Great-west Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Great-west Core Correlation With Market

Almost no diversification

The correlation between Great West E Strategies and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West E Strategies and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Great West E Strategies. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Great-west Mutual Fund

0.75	SFBPX	Great-west Securefoundation	Pair Corr
0.95	MXBUX	Great West Sp	Pair Corr
0.93	MXERX	Great West Sp	Pair Corr
0.97	MXEQX	Great West T	Pair Corr
0.98	MXGSX	Great-west Multi-manager	Pair Corr

Moving against Great-west Mutual Fund

0.73	MXCOX	Great West Bond	Pair Corr
0.73	MXBIX	Great West Bond	Pair Corr
0.48	MXECX	Great-west Core	Pair Corr
0.37	MXCJX	Great-west Securefoundation	Pair Corr
0.75	MXGBX	Great West Templeton	Pair Corr
0.75	MXGMX	Great West Government	Pair Corr
0.74	MXDQX	Great West Government	Pair Corr
0.74	MXFDX	Great-west Core	Pair Corr
0.64	MXEDX	Great-west Core	Pair Corr
0.44	MXEGX	Great-west Core	Pair Corr
0.33	MXCPX	Great-west Conservative	Pair Corr

Related Correlations Analysis

	ROGSX	IAADX	FFCGX	FALCX	MFTFX	VOLMX	CPUCX
ROGSX		0.21	0.96	0.0	-0.42	0.85	-0.48	ROGSX
IAADX	0.21		0.34	0.0	0.34	-0.1	0.68	IAADX
FFCGX	0.96	0.34		0.0	-0.37	0.8	-0.39	FFCGX
FALCX	0.0	0.0	0.0		0.0	0.0	0.0	FALCX
MFTFX	-0.42	0.34	-0.37	0.0		-0.57	0.72	MFTFX
VOLMX	0.85	-0.1	0.8	0.0	-0.57		-0.71	VOLMX
CPUCX	-0.48	0.68	-0.39	0.0	0.72	-0.71		CPUCX
	ROGSX	IAADX	FFCGX	FALCX	MFTFX	VOLMX	CPUCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FFCGX	+ 0.96	ROGSX
VOLMX	+ 0.85	ROGSX
VOLMX	+ 0.8	FFCGX
CPUCX	+ 0.72	MFTFX
CPUCX	+ 0.68	IAADX
FFCGX	+ 0.34	IAADX

High negative correlations

CPUCX	- 0.71	VOLMX
VOLMX	- 0.57	MFTFX
CPUCX	- 0.48	ROGSX
MFTFX	- 0.42	ROGSX
CPUCX	- 0.39	FFCGX
MFTFX	- 0.37	FFCGX

Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Core Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Great-west Core's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROGSX	0.87	(0.09)	(0.05)	0.04	1.35	(0.85)	1.70	(2.51)	5.59
IAADX	0.16	0.00	(0.63)	(0.06)	0.13	(0.25)	0.43	(0.32)	1.19
FFCGX	0.59	(0.05)	(0.09)	0.06	0.70	(0.63)	1.27	(1.23)	3.68
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MFTFX	0.94	(0.13)	0.00	(0.03)	0.00	0.00	1.70	(1.89)	5.42
VOLMX	0.60	0.00	(0.01)	0.12	0.57	(0.71)	1.14	(1.35)	4.49
CPUCX	0.23	(0.03)	0.00	0.59	0.00	0.00	0.43	(0.54)	1.29

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC